Forex Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
Guatemalan Quetzal/US Dollar (FOREX:GTQUSD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GTQUSD
The long term trend has been DOWN since Jun 17th, 2019 at 0.129595
The intermediate term trend has been DOWN since Sep 18th, 2019 at 0.129645
The short term trend has been DOWN since Sep 25th, 2019 at 0.129525
Smart Scan Analysis for GTQUSD
Based on a pre-defined weighted trend formula for chart analysis, GTQUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).